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TransDigm: Fiscal 1Q Earnings Snapshot

CLEVELAND (AP) _ TransDigm Group Inc. (TDG) on Tuesday reported fiscal first-quarter net income of $171.7 million.

The Cleveland-based company said it had net income of $3.05 per share. Earnings, adjusted for non-recurring costs and stock option expense, came to $3.85 per share.

The results exceeded Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $3.35 per share.

The aircraft components maker posted revenue of $993.3 million in the period, also surpassing Street forecasts. Four analysts surveyed by Zacks expected $947.5 million.

TransDigm expects full-year earnings to be $16.76 per share.

TransDigm shares have risen 18 percent since the beginning of the year. The stock has risen 31 percent in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on TDG at https://www.zacks.com/ap/TDG